Xiamen Jihong Co (FRA:I9E) Altman Z2-Score: 5.94 (As of Jul. 11, 2026) — Near Median


FRA:I9E Xiamen Jihong Co Ltd FRA:I9E
75 GF Score
Price €1.53
GF Value €1.15
! 7 Warning Signs
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What is Xiamen Jihong Co Altman Z2-Score?

Xiamen Jihong Co FRA:I9E -8.93% 75 Altman Z2-Score is 5.94 as of Jul. 11, 2026, which is 1% below its 10-year median of 5.97. GuruFocus rates FRA:I9E with a GF Score™ of 75/100 and a GF Value™ of €1.15. The stock has 7 warning signs investors should review. Among 391 Packaging & Containers companies, Xiamen Jihong Co ranks better than 73.4% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

Xiamen Jihong Co has a Altman Z2-Score of 5.94, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Xiamen Jihong Co's Altman Z2-Score or its related term are showing as below:

FRA:I9E' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.98   Med: 5.97   Max: 7.56
Current: 5.96

During the past 13 years, Xiamen Jihong Co's highest Altman Z2-Score was 7.56. The lowest was 1.98. And the median was 5.97.


Xiamen Jihong Co  (FRA:I9E) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Xiamen Jihong Co Altman Z2-Score Related Terms


Xiamen Jihong Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Xiamen Jihong Co's Altman Z2-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xiamen Jihong Co Altman Z2-Score Chart

Xiamen Jihong Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.18 6.31 6.41 5.41 5.98

Xiamen Jihong Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.65 6.08 6.09 5.98 5.96

FRA:I9E vs SW, PKG, IP: Altman Z2-Score Comparison

For the Packaging & Containers subindustry, Xiamen Jihong Co's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Xiamen Jihong Co Altman Z2-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Xiamen Jihong Co's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Xiamen Jihong Co's Altman Z2-Score falls into.


FRA:I9E
75GF Score
Xiamen Jihong Co Ltd FRA:I9E
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Xiamen Jihong Co Altman Z2-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Xiamen Jihong Co's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.3525+3.26*0.3986+6.72*0.0929+1.05*1.6223
=5.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was €571.5 Mil.
Total Current Assets was €369.9 Mil.
Total Current Liabilities was €168.5 Mil.
Retained Earnings was €227.8 Mil.
Pre-Tax Income was 14.575 + 9.231 + 16.65 + 10.668 = €51.1 Mil.
Interest Expense was -0.6 + -0.541 + -0.451 + -0.396 = €-2.0 Mil.
Total Liabilities was €214.2 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(369.913 - 168.458)/571.507
=0.3525

X2=Retained Earnings/Total Assets
=227.83/571.507
=0.3986

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(51.124 - -1.988)/571.507
=0.0929

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(347.535 - 0)/214.227
=1.6223

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Xiamen Jihong Co has a Altman Z2-Score of 5.94 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 5.94 mean?
Xiamen Jihong Co (FRA:I9E) has a Altman Z2-Score of 5.94 as of Jul. 11, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Xiamen Jihong Co and its competitors. This is near median its historical median of 5.97. Over the past decade, Xiamen Jihong Co's Altman Z2-Score has ranged from 1.98 to 7.56. According to the industry distribution chart, Xiamen Jihong Co ranks #104 out of 391 companies in the Packaging & Containers industry, placing it in the top 26.6%.
Is Xiamen Jihong Co's Altman Z2-Score too high?
Xiamen Jihong Co's current Altman Z2-Score of 5.94 is near median its 10-year median of 5.97. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 7.56. The Packaging & Containers industry median Altman Z2-Score is 3.70. Xiamen Jihong Co's value of 5.94 is 60.5% above this industry median. Based on the distribution chart, Xiamen Jihong Co ranks #104 out of 391 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Xiamen Jihong Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Xiamen Jihong Co's Altman Z2-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Xiamen Jihong Co ranks #104 out of 391 companies for Altman Z2-Score. This puts Xiamen Jihong Co in the upper half of its industry. The industry median Altman Z2-Score is 3.70. Xiamen Jihong Co's value of 5.94 is 60.5% above this benchmark. Historically, Xiamen Jihong Co's own Altman Z2-Score has ranged from 1.98 to 7.56 over the past decade. While the company's 10-year median is 5.97 vs. the industry median of 3.70, Xiamen Jihong Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Packaging & Containers company?
The median Altman Z2-Score among Packaging & Containers companies is 3.70, based on 391 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xiamen Jihong Co's current Altman Z2-Score of 5.94 is 60.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Xiamen Jihong Co and its competitors. For the Packaging & Containers industry, the median Altman Z2-Score is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xiamen Jihong Co's current Altman Z2-Score is 5.94, which is near median its own 10-year median of 5.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen Jihong Co stock overvalued right now?
Xiamen Jihong Co (FRA:I9E) has a current Altman Z2-Score of 5.94. The stock's GF Value™ is €1.15, compared to a current price of €1.53 — trading 33% above its estimated fair value. The current Altman Z2-Score is 5.94, which is near median its 10-year median of 5.97 and 60.5% above the Packaging & Containers industry median of 3.70. Xiamen Jihong Co's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Xiamen Jihong Co (FRA:I9E), the current Altman Z2-Score is 5.94 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Xiamen Jihong Co (FRA:I9E) Overvalued in 2026?

Based on GuruFocus' analysis, Xiamen Jihong Co stock appears to be overvalued. The current stock price of €1.53 is trading 33% above its estimated GF Value™ of €1.15.

Key valuation signals for FRA:I9E:

  • Altman Z2-Score: 5.94 (near median its 10-year median of 5.97)
  • GF Value™: €1.15 vs. price of €1.53 (33% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 60.5% above the Packaging & Containers median (#104 of 391)

No single metric tells the full story. See the FRA:I9E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xiamen Jihong Co Business Description

Other Exchanges 02603:Hong Kong002803:China
Address No. 9 Putou Road, Dongfu Industry Park II, Haicang District, Fujian Province, Xiamen, CHN, 361027
Xiamen Jihong Co Ltd is principally engaged in the business of paper packaging and cross-border social e-commerce. The company has three reportable operating segments as follows: (i) The cross-border social e-commerce operation; (ii) The paper packaging operation; and (iii) The other operations. The majority of revenue is derived from the cross-border social e-commerce operation segment.
75GF Score

Get the complete analysis for FRA:I9E

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.53
Price
€1.15
GF Value